recall the country from where a product originated but we find ourselves to be loyal

customer of that product. Globalization has become deep rooted in many economies

so much that it is tough to identify the real contributors of globalization.

Globalization is a process of unifying the world. Being a process it is continuous and

thus provides scope of analyzing the dynamics inherent in it. This process is

maneuvered through the social, economic, political, technological factors.

Globalization has provided many forums to world economies to explore and identify

their capabilities. One such forum is BRICS (Brazil, Russia, India, China and South

Africa), the group identified as a group of rising economies is brainchild of India.

This article is an attempt to identify the role of various factors in the globalized

economies and prepare a common platform to rank BRICS economies. Needless to

say, as the world economies globalize a measure is required to analyze the amount of

globalization and the reasons of globalization in economies. Many measures of

Globalization have evolved recently. In this paper, KOF index, Global competitive

Index and A.T. Kearney Global Innovation Index have been used to measure the role

of various factors in making BRICS economies global.

Based upon these three types of Index development, the different scores for nations

have been devised and nations ranked accordingly. The paper tries to formulate a

common platform for these different types of scoring pattern, and obtain an overall

best performing nation among fast developing BRICS economies. The methodology